Friday, September 21, 2012

Short Takes: Mortgage-Breaking Costs, New Mutual Fund Disclosure Rules, and more

Lenders can really stick it to you if you have to break your mortgage. Take a look at this list of some of the exciting ways that lenders pump up mortgage-breaking penalties. If you think you’re safe because you have a variable mortgage, you’d better take a look. The bottom line is that you should really understand your mortgage contract before signing.

Steadyhand is one fund company with a positive view of the new disclosure rules for mutual funds coming from the Canadian Securities Administrators (CSA).

Larry MacDonald makes a strong case that a lasting solution to the battle between teachers’ unions and governments is a voucher system that allows parents to bring their share of school funding to the school of their choice. I would love to see a system that subjects teacher pay to market forces. Any system that brings higher pay for good teachers and lower pay (or no pay) for poor teachers would be a big benefit.

Canadian Couch Potato explains foreign withholding taxes. This subject is likely more complex than you realize.

The Blunt Bean Counter explains why your net worth statement may look a lot better than it really is.

Big Cajun Man takes a run at defining what it means to be debt-free. It’s not quite as simple as it seems.

Million Dollar Journey explains housing co-ops.

My Own Advisor explains his approach to saving money on car insurance.

2 comments:

  1. Yes, it seems an easy term, but lots of folks want to add caveats and riders to it, much like an Omnibus bill in the house of commons... have a great weekend

    ReplyDelete
  2. Thanks for the mention! Always appreciated Michael.

    ReplyDelete